Garuda Indonesia reports strong profit growth in first nine months of 2012

Garuda Indonesia revenue up 14% - financial highlights for nine months ended 30-Sep-2012:

• Operating revenue: USD2386 million, +14.4% year-on-year;
• Operating costs: USD2294 million, +12.1%;
  • Fuel: USD885.9 million, +13.5%;
  • Labour: USD279.0 million, +22.7%;
• Operating profit: USD92.8 million, +140.4%;
• Net profit: USD60.6 million, +108.6%;
• Passenger numbers: 14.9 million, +20.2%;
  • Garuda: 13.0 million, +15.6%;
  • Citilink: 1.9 million, +67.1%;
• Passenger load factor: 75.9%, +0.7 ppt;
  • Garuda: 76.3%, +1.7 ppt;
  • Citilink: 70.8%, -8.5 ppts;
• Passenger yield: USD 9.55 cents, +0.6%;
  • Garuda: USD 9.85 cents, +1.7%;
  • Citilink: USD 5.77 cents, -2.2%;
• Cargo volume: 201,070 tons, +18.7%;
• Cargo yield:
  • Garuda: USD 37.72 cents, +3.4%;
• Aircraft utilisation: 10.5 hours, +0.5%;
• Ontime performance: 84.5%;
• Total assets: USD2207 million, +6.4% when compared to period ended 31-Dec-2011;
• Cash and cash equivalents: USD209.2 million, -49.9% when compared to period ended 31-Dec-2011;
• Total liabilities: USD1225 million, +6.3% when compared to period ended 31-Dec-2011. [more - original PR]